Block Energy Share Discussion Threads

[tidy 2] 29/11/2019 15:32

2x250k buys. Should pop before close.

[tidy 2] 29/11/2019 15:28

500k buy order filled tick up.

[lithological heterogeneities] 29/11/2019 15:26

buying pressure building.
should be blue by end of day.

[tidy 2] 29/11/2019 15:25

NT to buy.

[cpap man] 29/11/2019 15:13

About to BLOE

[lithological heterogeneities] 29/11/2019 15:09

Potential $1.2 - $1.97 BILLION of gas

Time to remind potential investors of the huge potential here:

Don't forget, Paul Haywoods 608 BCF = $1.2 billion quote was for the Best Estimate (2C) in the CPR.The High Estimate(3C) in the CPR is 1000 BCF (1 TCF), ie $1.97 billion.

The best part being that the RNS, of 01 Jul 19, confirms they are targeting this company making/transformational $1.2 - $1.97 BILLION gas target in TWO out of three upcoming wells .


CPR PAGE 6:
608 BCF GAS = $1.2 BILLION is CPR Best Estimate(2C)
1000 BCF (1 TCF) GAS = $1.97 BILLION is CPR HighEstimate(3C)

Paul Hayward (BLOE CEO):
"The opportunity for us in West Rustavi is huge. We are now 100pc in over 600bcf of 2C gas resources.To put things into perspective, the assets that our new ventures team are looking at plays are 100-150bcf at a capex of $160m. We are based onshore in Georgia, and we are getting these wells down for $4-$5m with netbacks of c.$2-2.5/mcf.If you run that over an unrisked 600bcf resource, then you are looking at a project value of about $1.2bn."

RNS -01 JUL 19
"Block's fully-funded back to back drilling programme, which has been designed to ramp up existing oil production and advance a contingent gas resource of over 600Bcf.The next step in the Companys programme includes sidetracking of the adjacent and analogous well 38, and three of the field's other wells, two of which will also be tested for their historic gas discoveries."

Oh....and then theres the Oil !

[lithological heterogeneities] 29/11/2019 14:54

full ask. tick up shortly

[cpap man] 29/11/2019 14:51

Are you in PET and/or KAV yet?

[lithological heterogeneities] 29/11/2019 14:50

good.
fingers crossed the long awaited news is good,VERY good.

[lithological heterogeneities] 29/11/2019 14:48

The mythical (news due) 1 trade just gone through

[bobaxe1] 29/11/2019 14:31

Buys flying in now umm

[bobaxe1] 29/11/2019 14:30

Is this our long awaited rerate

[lithological heterogeneities] 29/11/2019 14:30

So do i !

you back in cpap ?

[chinadog3] 29/11/2019 14:28

LH Hope he is correct!

[lithological heterogeneities] 29/11/2019 11:58

BUY MORE/GET BACK IN

A longterm poster, who is in regular email contact with BLOE, posted this this morning:

JetJock
08:05 TODAY
"I wouldn’t want to be out of BLOE over the weekend... ?? last correspondence email from BLOE “December is going to very exciting”

[chinadog3] 29/11/2019 10:59

Cmon chaps where are we on oil flow from the fully drilled announcement on Oct 31st?

Is no news good news?

[lithological heterogeneities] 28/11/2019 08:49

thx cpap.
would like to get my feet wet but not until after a breather.

[cpap man] 28/11/2019 08:45

message 4 l h

Know PET extremely well - it ain't seen nothing yet - seriously do not wait GET YER FEET WET

[wrtmf] 28/11/2019 08:10

28 days since update and counting...

[lithological heterogeneities] 27/11/2019 08:29

Its either a blockbuster RNS or a dud and they are waiting to announce the start of the next well to gloss over it.